426 E. 17th Street,Long Beach, CA 90813
Year Built
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
426 E. 17th Street,Long Beach, CA 90813
Price per Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Year Built
Current GRM
Market GRM
426 E. 17th Street is a value-add investment asset located in Long Beach with seven units plus one non-conforming unit.
The courtyard-style property with gated entrance offers a unit mix consisting of (4) 1 BD/1 BA and (4) studios. There is onsite laundry and two garages on the property providing additional income.
The property is conveniently located within walking distance to public transportation along Long Beach Boulevard, which runs to Downtown Long Beach, and nearby to PCH, providing easy access to the 710 freeway.
426 E. 17th Street presents a new buyer with the opportunity to capture ±20% Gross income upside on existing rents. There is additional value add potential in permitting the non-conforming unit.
